Startup Housing Opportunity Venture Loan – (SHOVL)

The goal of SHOVL is to provide funding to developers for expenses incurred prior to the closing of their permanent financing for housing developments in Kansas communities that have experienced housing challenges.  The housing developments must have a direct connection to past, current or future economic development efforts.  Developers may include private individuals, corporations, limited liability companies, nonprofits, and local units of government. The Startup Housing Opportunity Venture Loan (SHOVL) funds will be provided on a project-by-project basis in communities under 10,000 population. Only one project per application please.